Kogan.com profits fall despite bumper Christmas sales

Company News

by Rachael Jones

Online retailer Kogan.com (ASX:KGN) today announced financial results for the half year ended 31 December 2018 showing net profit after tax of $7.4 million down 11 per cent on last half year from $8.3 million.

Revenue is up 10.6 per cent to $231.8 million, on prior half year which was $209.6 million.

EBITDA was $13.3 million down from the last half of $14.1 million.

Expansion costs seem to have offset their record trade over Christmas.

Their 2019 interim dividend is declared at 6.1 cents.

Shares in Kogan.com (ASX:KGN) are trading 2.05 per cent lower to $4.30.
 

Subscribe to our Daily Newsletter?

Would you like to receive our daily news to your inbox?